N e w s

Rwanda to rehabilitate feeder roads at a cost of US$ 50m

Rwanda has signed an agreement that will see United States finance upgrading of feeder roads so as to improve the road infrastructure in various parts of the country. The Feeder Roads program will see 2500km of road network renovated – a project expected to end in 2018 and will cost an approximate amount of US$ 50m. Meanwhile, Rwanda is set to have established a total budget for rural feeder road network in 2016. The US envoy to.... Read more »

Posted on : Saturday , 2nd May 2015

Firm pledges US$ 27b for Mwambani Corridor in Tanzania

Brookwoods Capital, a privately held equity firm will be investing US$ 27b on the construction of Tanzania’s Mwambani Port and Railway Corridor (Mwaporc) project in Tanga, which is set to be one of the region’s largest development corridors. Construction of Mwambani Port and Railway Corridor (Mwaporc) is set to help in the direct shipping of goods from international ports. Mwaporc development corridor will see exporters and.... Read more »

Posted on : Thursday , 30th April 2015

Tanzania: U.S. $590 million Dar es Salaam Port upgrade works begin

Dar es Salaam — Civil works have started on the $593 million upgrade of Dar es Salaam port involving financing by both bilateral and multilateral donors and overseen by TradeMark East Africa, the non-profit consultancy. Philippe Dongier World Bank Country Director for Tanzania, Uganda and Burundi said last week the event is happening at the right time when the World Bank together with the Tanzania government, the British Department of.... Read more »

Posted on : Tuesday , 28th April 2015

China responsible for 31% of infrastructure projects in East Africa, says Deloitte

Deloitte East Africa has released a report showing that China is responsible for building 31% of all infrastructure projects in East Africa in 2014. This went up as compared to the 19% in 2013. The report was recently released during the third edition of the annual Deloitte African Construction Trends Report 2014 and it stated that Europe and the United States contributed 18% of construction, followed by the government at 13.... Read more »

Posted on : Friday , 13th March 2015

Infrastructure and energy projects to strengthen Kenya’s economy, World Bank says

 According to a study by the World Bank, Kenya’s economy will rise massively to 7 percent and public investments in infrastructure – especially from the standard gauge railway – and energy sectors will help in the growth in the medium term.   The current Kenya Economic Update (KEU) explains that the country has grown economically and is anticipating a growth rate of 7 percent between 2015 and 2017, from 5.4 percent.... Read more »

Posted on : Tuesday , 10th March 2015

Construction of US$ 2bn coal power plant in Lamu, Kenya to commence in October

 Construction of a multimillion coal power plant in Lamu, Kenya is set to commence in October this year, Amu Power Company has confirmed.   Amu Power, a company formed by a consortium of Centum and Gulf Energy, expressed their gratitude to the Kenyan Government for awarding them the tender, and further said that at least 870 acres of land are needed for the development of the 981.5 Megawatts coal project.   Gulf Energy.... Read more »

Posted on : Thursday , 5th March 2015

Kenya needs US$2.2b yearly to develop infrastructure

    Kenya requires approximately US$ 2.2billion to fill infrastructural development financing deficits, Johannes Zutt, World Bank Country Director for Kenya has said.   The country spends about US$ 1.6 billion a year as opposed to US$ 4billion sustainable expenditure required over the next decade. This represents about 20 percent of its Gross Domestic product. This is according to the Africa Infrastructure County Diagnostic.... Read more »

Posted on : Thursday , 5th March 2015

AFDB to fund construction of Egyptian Airport

 The Sharm El-Sheikh International airport has received US$140 million from the African Development Bank (AFDB) to facilitate its expansion project.   The expansion involves constructing a new terminal (terminal 3) and a runway in order to increase the passengers handling capacity by 10 to 18 million per year.   Sharm El- Shark International airport (formerly Ophira Airport) is located about 23KM northeast of the city of Sharm.... Read more »

Posted on : Friday , 20th February 2015

Egypt to build a nuclear power plant in partnership with Russia

 Egyptian president Abdel Fattah el-Sisi and his Russian counterpart Vladimir Putin have agreed to corporate to build a nuclear power plant in Egypt.   The partnership deal was signed during an official visit by President Vladimir Putin to Egypt.   The move for a nuclear power plant project is expected to strengthen economic ties between the two countries and cater for electricity necessities in the country.   Due to.... Read more »

Posted on : Tuesday , 17th February 2015

SODIC to invest US$301.64 million in Egypt

 Egypt’s property group SODIC has announced on Monday this week that it will invest US$301.64 million in 2015. CEO of SODIC Ahmed Badrawi has said the company is set to build 684 new property units in 2015. The company had announced last year that construction of first phase of its development in Heliopolis would start this year.   The Sixth of October Development and Investment Company (SODIC) is an Egyptian company and has.... Read more »

Posted on : Tuesday , 17th February 2015

Construction of Kenya’s tallest skyscraper kicks off

 Construction of the Kenya’s tallest skyscraper, 40 storey Hazina Trade Centre in Nairobi has started. The tower will be constructed atop the existing 8 storey Hazina Trade Centre located on Moktar Daddah Street and currently hosting one of Kenya’s main chain stores, Nakumatt Lifestyle.   China Jiangxi International has been contracted to construct the building and is already on the site. On completion, the building will.... Read more »

Posted on : Tuesday , 17th February 2015

Algeria records increased imports in construction materials

 National Statistics and Data processing centre (CNIS) has reported that the quantity of imported construction materials in Algeria increased by 15.6% in 2014.   According to the report, imported quantities of main building materials such as wood, cement, iron, ceramic and aluminium rose to 10.13 million tonnes in 2014 from 8.92 million tonnes in 2013, representing a 15.6% increase.   The cement industry imports’ bill.... Read more »

Posted on : Thursday , 12th February 2015

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